The JSE recovered from earlier losses to close higher on Monday, with European equity markets volatile. The day was also a fairly busy one in terms of local corporate news. Retailers ended the day in positive territory, despite a slump by Tiger Brands, after news that listeriosis had been detected at a subsidiary of SA’s biggest consumer foods company. Tiger Brands fell as much as 13% before paring losses to close 7.44% lower at R393.38. A positive trading statement from Capitec saw its stock add 3% to R865.46, with the banking index leading gains on the local bourse. Capitec said earlier it expected to report later in March that headline earnings a share (HEPS) for the year to end-February grew between 16% and 19%. Global political news provided the markets with some direction, with investors still watching for any implementation this week of US tariffs on steel and aluminium imports. European stocks were volatile, as investors digested news that major German parties had struck a c...
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